Gocaj, Ledina, Meunier, Sophie, (2013), “Time Will Tell: The EFSF, the ESM and the Euro Crisis”, Journal of European Integration, Vol.35, Issue 3, p.p. 239-253 The European Financial Stability Facility (EFSF), a slim and temporary bailout fund created by the European Union in May 2010 to quell a growing sovereign debt crisis in Europe, became the foundation for a permanent, more powerful institution, the European Stability Mechanism (ESM), adopted in …Read More

Yiangou, Jonathan, O’keeffe, Micheal, Glockler Gabriel, (2013), “Tough Love: How the ECB’s Monetary Financing Prohibition Pusher Deeper Euro Area Integration”, Journal of European Integration, Vol. 35, Issue 3, p.p. 223-237 This paper analyses the underlying dynamics of institutional change in economic governance in EMU. We show that the crisis revealed significant gaps between the intentions of the designers of EMU and the observed outcome. Building on the path dependence literature …Read More

Mezn, George, Smith, Mitchell P., (2013), “Kichking the Can Down the Road to More Europe? Salvaging the Euro and the Future of European Economic Governance”, Journal of European Integration, Vol. 35, Issue 3, p.p. 195-206 Recent assessments of the nature of the eurozone’s problems, their origins, and a policy choices and likely outcomes inform our understanding of the crisis and explain its persistence. These accounts detail weaknesses in design of …Read More

Berka, Martin, Devereux, Michael B., (2013), “Trends in European real exchange rates” , Economic Policy, Vol. 28, Issue 74, p.p. 193-242. We study a newly created panel data set of relative prices for a large number of consumer goods among 31 European countries over a 15-year period. The data set includes eurozone members both before and after the inception of the euro, floating exchange rate countries of Western Europe, and …Read More